Shares of Geely Auto, a prominent Chinese automaker, surged by 5.21% on Monday, outperforming the broader Hong Kong market. This significant rally was fueled by positive auto sales and production data from China, bolstering investor sentiment towards the company.
According to the China Association of Automobile Manufacturers, auto sales and production in China witnessed an upswing in October, owing to the government's implementation of pro-growth policy measures. This robust industry performance spurred a rally in auto stocks listed in Hong Kong, with Geely Auto being a notable beneficiary of the upbeat sentiment.
Geely Auto's impressive performance was accompanied by gains in other major Chinese automakers, such as Dongfeng Group, which surged 16%, BAIC Motor, which increased by 6%, and GAC Group, which rose by 5%. However, electric vehicle makers like XPeng, Li Auto, and NIO experienced declines on the same day.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。